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  "documentTitle": "Phillips 66 (PSX)",
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  "notes": "Includes a visual representation of the proxy card voting instructions.",
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      "text": "Shareholders can act today by voting on the GOLD proxy card to elect all four of Elliott's nominees to the Phillips 66 Board of Directors.",
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      "text": "Third-party survey conducted as of March 2025. Percentage based on analysis performed by Elliott's proxy solicitation firm, equivalent to 44.3% of total outstanding shares.",
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      "text": "Shareholders can act today by voting on the GOLD proxy card to elect all four of Elliott's nominees to the Phillips 66 Board of Directors.",
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      "kind": "paragraph",
      "text": "strengthen accountability and reverse the Company's underperformance. Elliott and other investors' positive view of Phillips 66's potential seems at odds with views expressed by the Company's own management...",
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      "kind": "quote",
      "text": "Investors have been overwhelmingly supportive of this campaign... I've never had a management team suggest to me that their stock was fully valued. That just inherently highlights the disconnect between the investor mindset and the management.",
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      "kind": "quote",
      "text": "\"Investors have been overwhelmingly supportive of this campaign...I've been covering the [energy industry] for over 20 years, I've attended thousands of meetings with management teams. I've never had a management team suggest to me that their stock was fully valued. That just inherently highlights the disconnect between the investor mindset and the management.\" — Stacy Nieuwoudt, Streamline 66 Podcast",
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      "kind": "title",
      "text": "THE PATH FORWARD",
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